This Company Will Be Paying Out Rs. 130/Share Total Dividend Between November-December

A dividend is the part of the company's profits which it distributes among its shareholders. While the net profit that is not distributed as dividend forms the free reserves and surplus of the company.

Investors gain from investing in dividend yield stock in 2 ways:

Stock price appreciation in due course

Possibility of regular pay out as dividend based on the stock's dividend history

Also, a good dividend history assures an investor and provides confidence that the scrip would do reasonably well in the future course.

Hence as dividend yield stocks tend to be lucrative for investors here is one stock that is soon to offer Rs. 130 per share as dividend (segregated as Rs 90 -special dividend and Rs. 40 final dividend). Procter and Gamble Health in an exchange filing on August 26 notified that the Board of Directors of the Company have recommended a final dividend of Rs. 130 per equity share, for the financial year ended June 30, 2021, which includes a one-time special dividend of Rs. 90 per equity share. Importantly this dividend shall be paid between November 15, 2021 and December 08, 2021, on approval of the Members at the 54th Annual General Meeting.

Meanwhile, the company has also sent a communication to shareholders in respect of TDS deduction on dividend income from P&G Health- final dividend 2020-21.
Note the ex-date for the both the dividend types is November 2, 2021. Ex-dividend date is usually one day prior to the record date and on this day the price of the equity share of the company gets adjusted for the dividend pay-out.

The stock's dividend yield considering the last traded price of Rs. 5403.6 is 2.41 percent.

Past dividend history

Procter and Gamble Health was established in the country in the year 1967 as one of Merck's Asian subsidiaries. The company is amongst the country's largest VMS companies engaged in manufacturing and marketing of over-the-counter products, vitamins, minerals, and supplements products for a healthy lifestyle and improved quality of life.

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